Calculating Past City Population with Annual Growth
Problem Analysis
We are given the current population of a city and the annual growth rate. We need to find the population from 2 years ago.
- Current Population ($P_{current}$) = 11,02,500
- Annual Growth Rate ($R$) = 5%
- Time Period ($T$) = 2 years
- We need to find the Past Population ($P_{past}$).
Population Calculation Formula
The formula relating current population to past population with a constant annual growth rate is:
$P_{current} = P_{past} \times (1 + \frac{R}{100})^T$
To find the past population, we rearrange the formula:
$P_{past} = \frac{P_{current}}{(1 + \frac{R}{100})^T}$
Step-by-Step Solution
- Substitute the values into the formula:
$P_{past} = \frac{11,02,500}{(1 + \frac{5}{100})^2}$
- Calculate the term inside the parenthesis:
$1 + \frac{5}{100} = 1 + 0.05 = 1.05$
- Calculate the denominator (growth factor raised to the power of time):
$(1.05)^2 = 1.1025$
- Divide the current population by the calculated factor:
$P_{past} = \frac{11,02,500}{1.1025}$
- Final Calculation:
$P_{past} = 10,00,000$
Conclusion
The population of the city 2 years ago was 10,00,000.